Smart Warehousing Market Size

Smart Warehousing Market size was valued at USD 24.68 billion in 2024 and is projected to exceed USD 140.26 billion by the end of 2037, registering over 14.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of smart warehousing is evaluated at USD 27.5 billion.

The growth of the market is due to growing incidences of email phishing and ransomware, as well as the need for coherence between security policies and facility audit trails. The number of global ransomware attacks was estimated at 236.1 million during the first half of 2022. In 2021 there was a global outbreak of 623.3 million ransomware attacks. In 2022, the number of ransomware was around 20 % of all cyber crimes.

In addition, the smart warehousing industry is taking off as e-commerce's popularity increases and digitalization progresses. To improve and accelerate the supply chain's network, a wide range of suppliers from all over the world are using cutting-edge technologies such as barcode scanning software, automatic driving aids or radio frequency identification technology to reduce errors. In order to develop the market, it is vital that these technologies are used for storage.